Aberdeen cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAberdeenMarylandNational
Cost of living index101115100
IndexAberdeenMarylandNational
Goods & Services index9191100
Groceries index111112100
Health care index9088100
Housing index109154100
Transportation index109108100
Utilities index9799100
Displayed above is a general overview of the Aberdeen, MD cost of living index. The overall cost of living index in Aberdeen, MD is 101, which is 12% lower than the Maryland average and 1% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Aberdeen, MD are 1% lower than the Maryland average and 9% lower than the national average.

Did you know?

  • The cost of living in Aberdeen is 12% lower than the Maryland average.
  • The cost of living in Aberdeen is 1% higher than the national average.
  • The cost of housing in Aberdeen is 9% higher than the national average.
  • Maryland general sales tax is 18% higher than the national average.
  • Maryland state income tax is 10% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
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Utilities index
The salary calculator is meant to help you compare your salary in Aberdeen, MD to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Aberdeen, MD, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Aberdeen, MD salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$70,347$5,862$1,641$2,111
Renters$32,711$2,726$763$981
If you want to find a good determining factor for the cost of living and the general affordability of housing in Aberdeen, MD, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Aberdeen, MD, the median monthly income is $70,347 for those who own their own homes. Under the standard rule, that income level would allow for $1,641 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $32,711, per the median income in the area. That would allow for renters to spend up to $763 on monthly rental expenses.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
Maryland2%5.75%
For those who live in Aberdeen, MD and want to know what the true cost of living is, they ought to look at both the Maryland income tax rate and the Maryland sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Maryland, the sales tax is 6%, while the most you'll pay in surtax is 6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Maryland, the income tax rate ranges between 2% to 5.75%.

Goods & Services

ItemAberdeenNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $43.00$34.6824.0%
Toothpaste $2.13$2.4713.9%
Shampoo $0.99$1.023.1%
Movie $10.81$9.879.5%
Bowling $5.30$4.3920.7%

Groceries

ItemAberdeenNational avg.Difference
Ground Beef $3.49$4.4822.0%
Fried Chicken $1.57$1.467.2%
Milk $2.59$2.369.9%
Potatoes $3.89$3.0627.1%
Pizza $8.00$9.2413.4%
Beer $8.49$8.631.7%

Health Care

ItemAberdeenNational avg.Difference
Optometrist $67.49$99.7832.4%
Doctor $80.00$105.0323.8%
Dentist $81.75$88.707.8%
Ibuprofen $10.58$9.4112.4%
Lipitor $293.64$298.501.6%

Housing

ItemAberdeenNational avg.Difference
Home Price $199,100.00$175,700.0013.3%
Avg. Mortgage Payment $1,575.45$1,081.0345.7%
Apartment Rent $923.00$920.000.3%

Transportation

ItemAberdeenNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $48.80$45.297.8%

Utilities

ItemAberdeenNational avg.Difference
All Electricity$159.30$170.806.7%
Phone $28.67$28.261.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Delta, PA63696-4%
Bel Air, MD1,11994-6%
Middle River, MD26,65298-2%
Essex, MD37,38099-1%
Edgewood, MD26,47999-1%
Aberdeen, MD15,1371011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Berkley, MI15,13696-4%
Newton, IA15,13982-18%
Forrest City, AR15,12279-21%
Clearlake, CA15,1211011%
Boulder City, NV15,1621088%
Aberdeen, MD15,1371011%
Source: The Aberdeen, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.